ET, Rediff Stories

http://economictimes.indiatimes.com/headlines.cms


ICICI Venture arm to invest Rs 65 crore in Medica Synergie
Reliance Power IPO likely to generate surplus money for banks

My father would have been a happy man: Anil Ambani on REPL IPO
Cals to raise $250 mn through FCCBs
Saudi oil minister concerned about low inventories
Essar Oil picks 50% in Kenya Petroleum
Sizzling crude prices to hurt oil retailers most
GAIL to lay Rs 25,00 cr gas pipeline from Dabhol to Bangalore
Essar Oil buys 50 pct in Kenya Petroleum

Navratna status to NMDC in a few days: Paswan
Subhash Projects bags Rs 145-crore orders
Angel investors for start-up ventures
India tops with 160 PE fund houses, China has 115
Heard on the street: Patel Engineering, XL Telecom, Jhunjhunwala Vanaspati

Reliance Power IPO trades at 80% premium in grey market
Reliance IPO subscribed over 6 times in 1 hr
Reliance Power IPO subscribed 9.37 times
J Kumar Infraprojects IPO to open Jan 18
Future Capital IPO gets subscribed 27 times till third day
Reliance Power IPO: HNI segment oversubscribed 7.4 times
Avesthagen to tap capital market for Rs 1,200 crore
Broking houses advise caution on Reliance Power issue


Anil's IPO gets better first-day response than Mukesh's
Reliance Power IPO makes history with huge first day demand
Reliance Power IPO beats expectations

-------------------------------
Rediff.com

• Anil Ambani set to be richest Indian? RPL IPO• Laptops at Rs 14,000 from HCL Tata Nano• Rolls-Royce sold 11 Phantoms in India in 2007• Slide show: Who invented the Jaipur foot?• Opening a bank a/c? Buy insurance first!• Some fantastic cars, bikes on way to India!



Source: Economic Times, Rediff. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Results: Apollo tyres, PSL, Orient Paper, Gremach, JK Lakshmi, Vakrangee etc

Apollo Tyres Q3 net profit at Rs 62 cr view table
15th-Jan-2008

Apollo Tyres has announced its third quarter numbers. It has posted standalone net profit of Rs 62 crore for the quarter ended December 2007 as against Rs 35.07 crore in same quarter of last year on net sales of Rs 974 crore versus Rs 857 crore.

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Krishna Lifestyle net rises 86.67% in Dec`07 qtr
NET 4 India Q3 consolidated profit surges 51.3% (Update)

PSL Q3 earnings jump 45.14% on improved sales

PSL, a manufacturer of pipes and undertaker of turnkey projects, announced today a substantial rise of 45.14% in earnings in the quarter ended Dec. 31, 2007, to Rs 301.90 million compared with Rs 208 million in the same quarter, previous year. The earnings per share (EPS) for the quarter climbed 17.28% to Rs 7.60 compared with Rs 6.48 in previous year period.Strong rise in revenues pushed earnings of the company higher. Net sales for the quarter rose 32.11% to Rs 6,590.50 million, while the total income for the quarter climbed 34.27% to Rs 6,779.10 million, when compared with the corresponding quarter, a year ago

Orient Paper net rises 46.23% in Dec`07 qtr
Orient Paper & Industries disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 46.23% rise in profit to Rs 534.48 million from Rs 365.51 million in the quarter ended December 2006.Net sales for the quarter rose 17.06% to Rs 3,208.53 million compared with Rs 2,740.92 million in the corresponding quarter, a year ago. Total income rose 16.93% to Rs 3,223.08 million for the quarter-ended December 2007 from Rs 2,756.38 million for the same period, last year.The basic and diluted EPS, after extraordinary items, increased 27.57% to Rs 30.91 for the quarter ended December 2007 from Rs 24.23 for the same quarter, last year.

Modern India net declines 29.53% in Dec`07 qtr
Gremach Infra net rises 2.25 times in Dec`07 qtr

SE Investments net up 16.9% for Dec`07 qtr
JK Lakshmi Cement net rises 10.97% in Dec`07 qtr

Apollo Tyres net up 77.27% for Dec`07 qtr
Supreme Petrochem Q2 profit climb 45% (update)
Kriti Industries net rises 5.72 times in Dec`07 qtr

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PTL Enterprises Q3 net profit up 1080%
Apollo Tyres Q3 net profit up 77%
JK Lakshmi Cement Q3 net profit up 11%
RDB Industries Q3 net profit up 27%; other income up 300%
Vakrangee Q3 net profit up 107%
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Results on 16th Jan

Allahabad Bank 16-Jan-08
Asian Granito I 16-Jan-08
Can Fin Homes 16-Jan-08
Chambal Fert 16-Jan-08
Ganesh Forgings 16-Jan-08
GTC Industries 16-Jan-08
Himadri Chem 16-Jan-08
India Cements 16-Jan-08
Infotech Enter 16-Jan-08
LIC Housing Fin 16-Jan-08
MRPL 16-Jan-08
Petronet LNG 16-Jan-08
Pyramid Saimira 16-Jan-08
Rallis India 16-Jan-08
SBI Home Financ 16-Jan-08
TCS 16-Jan-08
UCAL Fuel 16-Jan-08
Vardhman Text 16-Jan-08
Welspun Guj 16-Jan-08


Results Calendar

Company
Date of Board meeting
Purpose
A T V PROJECTS
16-Jan-2008
Quarterly Results
ALLAHABAD BK
16-Jan-2008
Quarterly Results
ASIAN GRANITO
16-Jan-2008
Quarterly Results
CANFIN HOMES
16-Jan-2008
Quarterly Results
CHAMBAL FERT
16-Jan-2008
Quarterly Results
DALAL ST INVEST
16-Jan-2008
Quarterly Results
FACT ENTERP
16-Jan-2008
Quarterly Results
G T C
16-Jan-2008
Quarterly Results
GANESHFORGIN
16-Jan-2008
Quarterly Results
HIMADRI CHE
16-Jan-2008
Quarterly Results & inter alia, to consider the issue of FCCB.
INDIA CEM CAP
16-Jan-2008
Quarterly Results
INDIA CEMENT
16-Jan-2008
Quarterly Results
INDIA NIVEH
16-Jan-2008
Quarterly Results & Interim Dividend
INDO BORAX
16-Jan-2008
Quarterly Results
INFOTECH ENT
16-Jan-2008
Quarterly Results
INNOCORP L
16-Jan-2008
Quarterly Results
KSL REALTY
16-Jan-2008
Quarterly Results
L I C HOUSING FIN
16-Jan-2008
Quarterly Results
LUMINAIRE TECH
16-Jan-2008
Quarterly Results & To convey Extraordinary General Meeting for the purpose of approval of issue of shares on Rights Basis & Right Issue of Equity Shares
MRPL
16-Jan-2008
Quarterly Results
NEELAMALAI AGRO
16-Jan-2008
Quarterly Results
PETRONET LNG
16-Jan-2008
Quarterly Results
PRIME PROPERTY
16-Jan-2008
Quarterly Results
RAJAPAMILLS
16-Jan-2008
Quarterly Results & Interim Dividend
RALLIS INDIA
16-Jan-2008
Quarterly Results
S B I HOME FIN
16-Jan-2008
Quarterly Results
SHRILAKSHMI
16-Jan-2008
Quarterly Results
STATE BNK MY
16-Jan-2008
Quarterly Results
SYLPH TECH
16-Jan-2008
Quarterly Results
TCFC FINANCE
16-Jan-2008
Quarterly Results
TCS
16-Jan-2008
Quarterly Results & Interim Dividend Third Interim Dividend
UCAL FUEL
16-Jan-2008
Quarterly Results
VARDH TEXT
16-Jan-2008
Quarterly Results
VYBRA AUTO.
16-Jan-2008
Quarterly Results
WELSP GUJ SR
16-Jan-2008
Quarterly Results
WIPRO
16-Jan-2008
Quarterly Results
YENKEY DRU P
16-Jan-2008
Quarterly Results
ZUARI INDU
16-Jan-2008
Quarterly Results

Zuari Inds 16-Jan-08
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Source: Myiris.com, Economic Times, Indiaearnings.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Sensex nosedives 477 pts as blue chips tumble at close

Sensex nosedives 477 pts as blue chips tumble at close


NSE
6074.25 -132.55
BSE
20251.09 -476.96


After opening with a positive gap and edging up a bit in early trade, the Sensex plunged into the red this morning. And it never made it to the positive territory again as the bulls went shopping at the Reliance IPO counters today. The mega offer from Reliance Power got fully subscribed within minutes and, as the demand grew multifold, it got subscribed nearly 10 times.
As a result, prices of front line stocks went into a tailspin this afternoon. Though the market managed a couple of mild rallies, a very strong bout of selling pressure blew the wind out of several blue chip stocks cutting across sectors and pushed the benchmark indices Sensex and Nifty deep down into the red. Asian markets, which opened on a positive note, gave up their gains and ended weak. European stocks also exhibited weakness. But, the rush for Reliance Power IPO was the significant contributor for the sharp fall in values on the Indian bourses today.
While the Sensex, which crashed to a low of 20,203.63 in the closing minutes, ended the session with a massive loss of 476.96 points or 2.3% at 20,251.09, the Nifty settled at 6074.25, around 21 points off its low of 6053.30, with a 2.14% (132.55) points loss.
Mirroring all-round selling, all the sectoral indices ended in red today. The Bankex, FMCG, Power, PSU and Teck indices went down by 2.1% - 2.6%. The IT, Capital Goods and Oil & Gas indices lost nearly 2% while the Realty and Metal indices closed lower by 1.65% and 1.3% respectively. The Auto and Healthcare indices eased by around 0.75% while the Consumer Durables index, which suffered the least damage, ended lower by 0.39%.
There were just three gainers in the Sensex today. Tata Steel (1.55%) and Maruti Suzuki (1.45%) ended with strong gains while Tata Motors closed with a gain of a little over half a per cent.
Among Nifty stocks, VSNL (1.1%), Tata Power (1.1%), Zee Entertainment (0.8%), Dr. Reddy's Laboratories (0.7%) and Hero Honda (0.25%) closed on a positive note. HDFC Bank, which ended with a marginal loss on BSE, closed with a small gain on the National Stock Exchange.
Bharti Airtel had another weak outing. The telecom stock, which remained deep down in the red right through the session today, closed with a sharp loss of 5.5%. Reliance Energy lost 4.4%. ICICI Bank eased by over 4%.
NTPC, ITC, Reliance Communications, Satyam Computer Services, Mahindra & Mahindra, Larsen & Toubro, HDFC, DLF, Ranbaxy Laboratories, BHEL, Tata Consultancy Services and Hindalco lost 2% - 4% today.
State Bank of India (down 1.95%), Infosys Technologies (down 1.85%), Reliance Industries (down 1.65%), Hindustan Unilever (down 1.5%) and ONGC (down 1%) also ended with sharp losses.
ACC, Bajaj Auto, Wipro and Cipla closed with marginal losses while Ambuja Cements and Grasim Industries eased by 0.8% and 0.9% respectively.
BPCL, Suzlon Energy, GlaxoSmithKline Pharma, Sterlite Industries, GAIL India, Nalco, SAIL, Reliance Petroleum, HCL Technologies, Siemens, ABB and Unitech declined sharply today.
Parsvnath Developers, Apollo Tyres, Tata Tea, Omaxe, Shipping Corporation of India, HCL Infosys, Exide Industries, Axis Bank, Bombay Dyeing, Engineers India, Sun TV Network, Raymond, Aurobindo Pharma, Sterlite Technologies and Power Finance Corporation ended with sharp losses.
Finolex Industries shot up by over 9%. Adani Enterprises, Mirc Electronics, Welspun Gujarat, Crompton Greaves, Lanco Infratech, Allahabad Bank, LIC Housing Finance, Indo Rama Synthetics, Bharat Earth Movers, Orchid Chemicals, Bank of India, Escorts, Aventis Pharma, Jet Airways and Idea Cellular moved on to higher levels today.
After exhibiting strength till a little past noon, mid and smallcap stocks wilted under pressure in afternoon trade and surrendered their gains. The Midcap index fell 1.1% today while the Smallcap barometer eased by 0.83%.
The market breadth turned quite weak this afternoon. When traded ended today, out of a total of 2888 stocks that were seen in action on BSE, only 992 stocks were up in the positive territory. As many as 1865 stocks ended with losses and 31 stocks finished at their previous closing levels.

Sify stories

Reliance Power IPO oversubscribed within 50 seconds Reliance Power IPO reflects confidence of global investors

• DCW to raise up to Rs 200 cr
• Apollo Tyres sees 15 % growth
• Birla Corp to invest Rs 1,200 cr

Vedanta to set up Rs 24,000 cr steel plant in Orissa
HCL launches laptops at Rs 13,990 onwards
Big offers for IIT Madras management grads


Source: sify.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.